Search found 1678 matches

by MikeG62
Sat May 25, 2019 7:02 am
Forum: Personal Finance (Not Investing)
Topic: 4M 70K expenses would you stop?
Replies: 64
Views: 6075

Re: 4M 70K expenses would you stop?

Indeed some people would like to continue working, but if the question is a purely financial one I would have retired long since. I would suggest being sure the 70K estimate is robust, but even then there is lots of excess in place. ^This. Although spending may go up once they are both retired (hea...
by MikeG62
Thu May 23, 2019 12:34 pm
Forum: Personal Investments
Topic: Why do treasury bills yielding more than notes in secondary market?
Replies: 7
Views: 502

Re: Why do treasury bills yielding more than notes in secondary market?

Generally speaking, I would expect treasury obligations maturing at the same time to yield the market rate regardless of whether they were issued yesterday, a few months ago or years ago. So I don't think it's a bills vs. notes vs. bonds thing, but more simply that anyone who owns a treasury bond/bi...
by MikeG62
Thu May 23, 2019 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: I evaluated taking SS at age 62 versus age 70
Replies: 67
Views: 4860

Re: I evaluated taking SS at age 62 versus age 70

Another factor to consider in whether or not to delay SS is the opportunity for larger Roth conversions (into lower tax bracket(s)) in the years between turning 62 and 70 if one were to begin taking distributions at the latter date. This assumes of course that one has assets outside of traditional I...
by MikeG62
Tue May 21, 2019 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: PIP coverage/NJ Autoinsurance
Replies: 7
Views: 424

Re: PIP coverage/NJ Autoinsurance

I have learned this lesson the hard way. If you make your health insurance primary and have an accident which you have a lawsuit on your health insurance will put a lien on your file. Meaning that they will have to get paid for every bit of money they paid out because you are suing someone. Ever si...
by MikeG62
Tue May 21, 2019 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: PIP coverage/NJ Autoinsurance
Replies: 7
Views: 424

Re: PIP coverage/NJ Autoinsurance

I searched the forum before posting but I find this to be the most complicated and confusing thing. I am in NJ. I am going over my car insurance renewal. I seemed to recall when I was buying online directly from Geico I selected to use my health insurance as primary, selected the state minimum $15,...
by MikeG62
Mon May 20, 2019 11:57 am
Forum: Personal Finance (Not Investing)
Topic: How to help DW to manage the invested money ??
Replies: 36
Views: 2817

Re: How to help DW to manage the invested money ??

In our case, fortunately DW has been managing the regular Bills, Insurances & Banking through Quicken. So that part is covered, although I am trying to consolidate the transactions into fewer Bank Accounts & Credit Cards & am in the process of closing the accounts which are used only occasionally. ...
by MikeG62
Mon May 20, 2019 11:50 am
Forum: Personal Finance (Not Investing)
Topic: How to help DW to manage the invested money ??
Replies: 36
Views: 2817

Re: How to help DW to manage the invested money ??

You may want to consider revising your Will to provide for her in trust rather than outright. Not commenting on the financial wisdom. But from a marriage relationship perspective, I know that I would be very unhappy if my spouse suggested this. I would think that a Vanguard PAS, or a single balance...
by MikeG62
Mon May 20, 2019 8:04 am
Forum: Personal Investments
Topic: Individual treasuries vs treasury funds
Replies: 19
Views: 1376

Re: Individual treasuries vs treasury funds

...Am I crazy for using treasury funds? No not crazy at all. With the fund, you are paying the expense ratio that you would avoid if buying individual Treasuries so there is that. If you purchase through Fidelity you could select "auto-roll" on purchase and your funds would never sit awaiting reinv...
by MikeG62
Sun May 19, 2019 10:08 am
Forum: Personal Finance (Not Investing)
Topic: If I Knew Then What I Know Now
Replies: 108
Views: 41186

100 Things I Wish Someone Had Told Me After College And Before I Entered The Real World

[Thread merged into here, see below (next page). --admin LadyGeek] There have been threads along this line before. However, I came across this one today, which contains quite a (long) list of "gem's" for those early in their career, and thought it was worth sharing: http://www.jefferies.com/Letters...
by MikeG62
Sun May 19, 2019 8:00 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity Credit Card - 0% APR for 18 Months
Replies: 17
Views: 1902

Re: Fidelity Credit Card - 0% APR for 18 Months

Oh, thank you for pointing this out. My go to card is Bank of America Platinum ($95 AF) for all travel b/c I get 3.5 Travel cashback + Excellent Travel Insurances and Trip Cancellation Protections (which is worth more vs cashback or points for my situations, given I have 2 8 yr olds and they often ...
by MikeG62
Sun May 19, 2019 7:38 am
Forum: Personal Finance (Not Investing)
Topic: Long Term Care Insurance
Replies: 28
Views: 1952

Re: Long Term Care Insurance

When making the choice, ask yourself what risk you are trying to insure. I am married. For me personally, the risk I would need insurance for would be one spouse requiring a very long time in care. By a long time I mean substantially more than 3 years, maybe above 10 years. In such a case I would w...
by MikeG62
Sat May 18, 2019 10:01 am
Forum: Personal Investments
Topic: Am I being ripped off?
Replies: 42
Views: 4739

Re: Am I being ripped off?

I don't think that is correct. The bonds OP bought are Treasury Notes and TN's pay interest periodically at the coupon rate. This is different from original issue 6-month Treasury Bills, which are sold at a discount to face value (where the interest is the difference between what you pay and what y...
by MikeG62
Sat May 18, 2019 9:49 am
Forum: Investing - Theory, News & General
Topic: How to avoid 1 week of not investing when buying treasury bills
Replies: 23
Views: 2158

Re: How to avoid 1 week of not investing when buying treasury bills

The difference in yield between 1-month T-bills and Vanguard's settlement MM fund is about 5 bps. That's an almost negligible opportunity cost. Sure, but that doesn't help if you want to hold 3 or 6 month Treasuries. Rereading my post, I see how it could come across as suggesting the OP should use ...
by MikeG62
Sat May 18, 2019 9:42 am
Forum: Personal Investments
Topic: Am I being ripped off?
Replies: 42
Views: 4739

Re: Am I being ripped off?

Your calculations assume you purchased the bills at auction and hold to maturity. Are you sure the bills weren’t bought on the secondary market? If so perhaps your 6 month bills are maturing at a variety of dates up to 6 months which could account for the lower than expected income. To be sure, if ...
by MikeG62
Sat May 18, 2019 9:32 am
Forum: Personal Investments
Topic: Taxes and suggested Fidelity 3 fund portfolio
Replies: 11
Views: 1102

Re: Taxes and suggested Fidelity 3 fund portfolio

Hello! ...I have about $500K that I am looking to put into a taxable Fidelity account. Of course Fidelity wants me to use their portfolio management service at a cost of 1.04% AUM. Their main selling point is that they can minimize my taxes by actively managing my portfolio by being on a constant l...
by MikeG62
Sat May 18, 2019 9:18 am
Forum: Personal Investments
Topic: Am I being ripped off?
Replies: 42
Views: 4739

Re: Am I being ripped off?

...I asked them to clarify where this number comes from but they haven’t replied yet. I’m probably extremely naive but I simply cannot imagine they’re literally robbing me... I'd call them and ask for an explanation over the phone. This is not something that should require any research on their par...
by MikeG62
Sat May 18, 2019 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Best credit union for mortgage?
Replies: 26
Views: 1564

Re: Best credit union for mortgage?

OP, you may want to have a look at Pen Fed CU. I know several friends that took out mortgages with them about a decade or so ago (all were very pleased). I had a HELOC with them for a period of time as well. No issues or difficulties encountered.

Good luck.
by MikeG62
Fri May 17, 2019 2:06 pm
Forum: Personal Investments
Topic: Tilting very slightly towards small & mid caps. Is this a good idea?
Replies: 36
Views: 2739

Re: Tilting very slightly towards small & mid caps. Is this a good idea?

...Any help in tweaking the percentages would be appreciated. I agree with the majority of the other posters - probably not going to make as much difference as your % allocation to international and/or fixed income. Having said that, my personal target allocation for my US equities is roughly 50% L...
by MikeG62
Fri May 17, 2019 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone use Treasury Direct ?
Replies: 34
Views: 1930

Re: Anyone use Treasury Direct ?

Not terribly bad for 27-day treasury yield at 2.4% compared to best FDIC insured bank accounts (yes, some pay 2.5% even today) Anyone use https://www.treasurydirect.gov/RS/UN-AccountCreate.do ? Experience ? I am not familiar with the process at Treasury Direct. Since I purchase directly through Fid...
by MikeG62
Fri May 17, 2019 8:43 am
Forum: Personal Investments
Topic: Simple question about FZDXX yield on Fidelity monthly statement
Replies: 1
Views: 288

Re: Simple question about FZDXX yield on Fidelity monthly statement

I am in that fund and don't know the answer myself. I did see the following information with regard to the EY on the second to last page of my April statement: " The Indicated Annual Dividend (IAD) is an estimate of a security's dividend payments for the next 12 months calculated based on prior and/...
by MikeG62
Fri May 17, 2019 8:24 am
Forum: Personal Investments
Topic: Income stream post retirement.
Replies: 35
Views: 3221

Re: Income stream post retirement.

One thing to keep in mind is that your expenses will vary a lot from year to year and with the phase of retirement you are in so it would be real hard to try to match your actual income needs. I have tracked totals for the last seven years. The annual total (excluding income taxes) ranges from +27%...
by MikeG62
Thu May 16, 2019 11:20 am
Forum: Personal Investments
Topic: Does your retirement plan work if stocks are flat or in decline for decades?
Replies: 180
Views: 10314

Re: Does your retirement plan work if stocks are flat or in decline for decades?

On a related note, many are quick to dismiss something like the Great Depression ever occurring again. While I tend to be an optimistic person, and I'm certainly an aggressive investor, I cannot see how people are so quick to dismiss the mere possibility of such an event. Depending on one's age, th...
by MikeG62
Thu May 16, 2019 10:55 am
Forum: Personal Investments
Topic: Does your retirement plan work if stocks are flat or in decline for decades?
Replies: 180
Views: 10314

Re: Does your retirement plan work if stocks are flat or in decline for decades?

On a related note, many are quick to dismiss something like the Great Depression ever occurring again. While I tend to be an optimistic person, and I'm certainly an aggressive investor, I cannot see how people are so quick to dismiss the mere possibility of such an event. Depending on one's age, th...
by MikeG62
Thu May 16, 2019 8:01 am
Forum: Personal Investments
Topic: Does your retirement plan work if stocks are flat or in decline for decades?
Replies: 180
Views: 10314

Re: Does your retirement plan work if stocks are flat or in decline for decades?

On a related note, many are quick to dismiss something like the Great Depression ever occurring again. While I tend to be an optimistic person, and I'm certainly an aggressive investor, I cannot see how people are so quick to dismiss the mere possibility of such an event. Depending on one's age, th...
by MikeG62
Thu May 16, 2019 7:48 am
Forum: Personal Investments
Topic: Does your retirement plan work if stocks are flat or in decline for decades?
Replies: 180
Views: 10314

Re: Does your retirement plan work if stocks are flat or in decline for decades?

On a related note, many are quick to dismiss something like the Great Depression ever occurring again. While I tend to be an optimistic person, and I'm certainly an aggressive investor, I cannot see how people are so quick to dismiss the mere possibility of such an event. Depending on one's age, th...
by MikeG62
Thu May 16, 2019 7:22 am
Forum: Personal Investments
Topic: Income stream post retirement.
Replies: 35
Views: 3221

Re: Income stream post retirement.

Hi guys, Wanted to pick your collective brains wrt how to setup a periodic income stream post-retirement. I'm still a fair bit away but was just curious how people manage this. Lets assume you've got your savings invested completely. How do you structure this so you have incoming cash every month (...
by MikeG62
Wed May 15, 2019 6:28 am
Forum: Personal Consumer Issues
Topic: Last Pass with Vanguard and USAA
Replies: 38
Views: 3406

Re: Last Pass with Vanguard and USAA

I have used LastPass for several years now. All my online accounts use password generated by LastPass and my login details are all stored in LastPass. For the second factor authentication when logging into LastPass, I use Duo Mobile. So I need my phone with me in order to log into LastPass. Also, I ...
by MikeG62
Tue May 14, 2019 8:42 am
Forum: Personal Investments
Topic: Does your retirement plan work if stocks are flat or in decline for decades?
Replies: 180
Views: 10314

Re: Does your retirement plan work if stocks are flat or in decline for decades?

Not if you get the fixed annuity. TravelforFun What makes you think annuity companies could afford to continue to meet their commitments in those market conditions? While I agree that annuities are riskier than many believe them to be, my understanding is that annuity companies are investing the pr...
by MikeG62
Mon May 13, 2019 8:03 am
Forum: Personal Investments
Topic: Parking/Investing $100k in a tax-advantaged manner
Replies: 12
Views: 1029

Re: Parking/Investing $100k in a tax-advantaged manner

I would not buy equities with funds I needed sometime in the next two years.

You could pick up some yield in Treasuries. That is what I would do (am doing myself with excess cash).
by MikeG62
Mon May 13, 2019 6:35 am
Forum: Investing - Theory, News & General
Topic: Municipal Bond Mutual Funds and ETFs - Does it matter what state you live in?
Replies: 9
Views: 885

Re: Municipal Bond Mutual Funds and ETFs - Does it matter what state you live in?

Does this mean you have to pay state taxes on the dividends from all 49 of the states that you don't live in? No it does not. You only pay state income taxes in those states where you have a requirement to file. Generally speaking, this would be the state you live in as well as the state you work i...
by MikeG62
Sun May 12, 2019 7:08 am
Forum: Investing - Theory, News & General
Topic: Municipal Bond Mutual Funds and ETFs - Does it matter what state you live in?
Replies: 9
Views: 885

Re: Municipal Bond Mutual Funds and ETFs - Does it matter what state you live in?

If someone buys a municipal bond mutual fund or ETF, does it matter which state you live in when it comes to being tax-exempt for the dividend payments? Or are 100% of the dividend payments always tax-exempt no matter which state you live in? (the state you file taxes in) Muni's are Federally tax-e...
by MikeG62
Sun May 12, 2019 6:37 am
Forum: Personal Finance (Not Investing)
Topic: W-2 earner looking to lower effective tax rate
Replies: 28
Views: 3391

Re: W-2 earner looking to lower effective tax rate

There just isn't enough info given to sort this out. It is really hard to figure how a single earning married couple files married filing separately. If you are married filing jointly, at 600k of taxable income your effective rate is 27%. At $1 million of taxable income it is 31%. Agree with this -...
by MikeG62
Sun May 12, 2019 6:13 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3715
Views: 686412

Re: What's Your Credit Card Rewards Strategy?

Does anyone know when Fidelity posts rewards to your brokerage account for their Visa 2% cash back card? We hit 2500 points during this billing cycle, which ends on 5/17. That should trigger a $50 deposit. Just wondering when it gets deposited, if anyone knows. Thanks. My rewards post at the end of...
by MikeG62
Sat May 11, 2019 7:30 am
Forum: Personal Investments
Topic: Bain BCSF shares
Replies: 2
Views: 328

Re: Bain BCSF shares

Hi, I have some Bain BCSF pre-ipo shares with a lockup that expires May 13th https://finance.yahoo.com/quote/BCSF/analysis?p=BCSF . They live in my tax advantaged account and have outperformed the S&P500. If it was you would you sell them or hang on? Why, why not? Is anybody familiar with this part...
by MikeG62
Sat May 11, 2019 7:09 am
Forum: Personal Finance (Not Investing)
Topic: Help me pull the trigger-need to quit
Replies: 41
Views: 5111

Re: Help me pull the trigger-need to quit

My question is, can we truly afford to do this and my DH retire at 50 ? Is this risky? Things I'm concerned about are- -stability of the market- what if returns for the next ten years are very, very low? -kids expenses seem to keep going up, I know there will be driving and orthodontics, etc on the...
by MikeG62
Fri May 10, 2019 7:05 pm
Forum: Personal Investments
Topic: Why are intermediate term bonds (VWITX) often recommended on these forums over short term bonds (VWSTX)?
Replies: 24
Views: 2446

Re: Why are intermediate term bonds (VWITX) often recommended on these forums over short term bonds (VWSTX)?

Why not keep at least some of your money in Vanguard’s Prime Money Market Fund? It has a competitive SEC Yield, safe from interest rate increases and is very liquid. Is getting perhaps 0.5% more somewhere else really worth the risk? In my opinion, there is nothing wrong with holding VMMXX as the ve...
by MikeG62
Fri May 10, 2019 3:51 pm
Forum: Personal Investments
Topic: Why are intermediate term bonds (VWITX) often recommended on these forums over short term bonds (VWSTX)?
Replies: 24
Views: 2446

Re: Why are intermediate term bonds (VWITX) often recommended on these forums over short term bonds (VWSTX)?

...In other words, why would anyone invest in intermediate term bonds instead of short term bonds with these current yields? What if interest rates decline from current levels? I’d rather be in the longer-term (vs. short-term) bond fund in a declining rate environment. Since we don’t really know if...
by MikeG62
Thu May 09, 2019 4:30 pm
Forum: Personal Investments
Topic: Does a 3 Year CD Substitute For Bonds in your AA?
Replies: 10
Views: 891

Re: Does a 3 Year CD Substitute For Bonds in your AA?

I'm curious, when you look at AA, you have 30% in stocks and 70% in bonds, would you consider a CD ladder the same as bonds? I think it can be, if the weighted average term of the CD ladder is long enough. Having said that, with regard to the title of this thread, I would not consider a 3-year CD a...
by MikeG62
Wed May 08, 2019 8:47 am
Forum: Personal Finance (Not Investing)
Topic: 529 strategy with no alternate beneficiaries
Replies: 21
Views: 1181

Re: 529 strategy with no alternate beneficiaries

Isn’t there some sort of generational-skipping consequence, for taxpayers subject to federal estate tax, for changing the beneficiary from a child to a grandchild? According to this article, "Generation-skipping transfer taxes do not apply to a beneficiary change unless the new beneficiary is two o...
by MikeG62
Wed May 08, 2019 8:04 am
Forum: Personal Investments
Topic: The 4% rule
Replies: 94
Views: 6411

Re: The 4% rule

m@ver1ck wrote:
Wed May 08, 2019 12:20 am
...and say a conservative 6% return rate
I do not believe that 6% is a "conservative" future return rate on a balanced portfolio (of equities and fixed income).
by MikeG62
Wed May 08, 2019 7:46 am
Forum: Personal Finance (Not Investing)
Topic: 529 strategy with no alternate beneficiaries
Replies: 21
Views: 1181

Re: 529 strategy with no alternate beneficiaries

Isn’t there some sort of generational-skipping consequence, for taxpayers subject to federal estate tax, for changing the beneficiary from a child to a grandchild? According to this article, "Generation-skipping transfer taxes do not apply to a beneficiary change unless the new beneficiary is two o...
by MikeG62
Wed May 08, 2019 7:14 am
Forum: Personal Finance (Not Investing)
Topic: 529 strategy with no alternate beneficiaries
Replies: 21
Views: 1181

Re: 529 strategy with no alternate beneficiaries

Grandkids! We are older parents, so there's a reasonable likelihood we won't be around to see grandkids, though I hope we are still around. I do not believe that closes off the option of having the funds there for future grandkids, who are born after you and your wife are gone. You can leave the 52...
by MikeG62
Tue May 07, 2019 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: taxable vs mortgage paydown
Replies: 16
Views: 1514

Re: taxable vs mortgage paydown

38 y.o. married with 3 kids (7,5,0) Home mortgage debt = 149k (3.125% fixed 30 year) Unless you donate a lot to charity, you are (likely) taking the standard deduction, so paying down that mortgage is a risk-free, tax-free 3.125% return . Exactly how I look at it (and one of the reasons I paid my m...
by MikeG62
Tue May 07, 2019 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Walk away from my auto lease?
Replies: 154
Views: 7350

Re: Walk away from my auto lease?

...You might need an independent but certified mechanic and have them do an inspection , if you really did not do anything wrong, and he can confirm the vehicle had a defect which resulted in transmission exploding (how does this even happen) you might have a case. I would do this. I asked before, ...
by MikeG62
Tue May 07, 2019 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: 529 strategy with no alternate beneficiaries
Replies: 21
Views: 1181

Re: 529 strategy with no alternate beneficiaries

Grandkids! We are older parents, so there's a reasonable likelihood we won't be around to see grandkids, though I hope we are still around. I do not believe that closes off the option of having the funds there for future grandkids, who are born after you and your wife are gone. You can leave the 52...
by MikeG62
Tue May 07, 2019 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: Handling Stock Grants
Replies: 12
Views: 713

Re: Handling Stock Grants

I am not in the camp of never, ever hold shares of stock of your employer. I am, therefore, also not in the sell immediate upon vest camp either. I get the risk (too much of your financial life tied to one company), but I think it depends on the company. I was a senior executive in a public company ...
by MikeG62
Tue May 07, 2019 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Walk away from my auto lease?
Replies: 154
Views: 7350

Re: Walk away from my auto lease?

I'm 1 year into a 2 year lease of a 2018 vehicle with currently 5000 miles. Recently the transmission exploded and the maker is refusing to fix it under warranty because they say there is no sign of mechanical defect. Estimate for the repair is $5,000. Needless to say this is very distressing. I'm ...
by MikeG62
Tue May 07, 2019 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Aligning Insurance and Umbrella Limits
Replies: 16
Views: 1011

Re: Aligning Insurance and Umbrella Limits

Also if you have grown or semi-grown children living in your house (or legally residing with you while away at college), it's a good idea for them to have insurance with the same carrier and agent as you. There seems to be some gray area as to when a not-fully-launched adult or almost-adult is stil...
by MikeG62
Tue May 07, 2019 8:59 am
Forum: Personal Finance (Not Investing)
Topic: Aligning Insurance and Umbrella Limits
Replies: 16
Views: 1011

Re: Aligning Insurance and Umbrella Limits

Until recently I was not eligible for umbrella coverage in the US so I set the liability coverage fairly high ($1MM) on insurance for two rental properties I have. I am now eligible for umbrella and the insurer requires I maintain $300,000 on the underlying policies. Should I reduce them from $1MM ...
by MikeG62
Tue May 07, 2019 7:40 am
Forum: Personal Investments
Topic: I tried to fire my financial advisor of 12 years today...
Replies: 127
Views: 13261

Re: I tried to fire my financial advisor of 12 years today...

So I tried to fire him today and it was tough. He made a lot of arguments that were confusing and frankly over my head. He also said he's immediately lower the fee to 1%. I like him a lot and it was hard trying to break up with him. I would tell him the decision has been made and you simply want to...